ERNUSDT Trading Analysis Medium to Long term View

2023年3月19日

This analysis examines ERNUSDT (Ethernity Chain/USDT) based on its price break of important bearish structure, pullback towards a major demand zone, and potential accumulation area. We will also identify key resistance and supply zones that traders should monitor closely.

Recently, ERNUSDT broke through an important bearish trendline, indicating a potential change in market sentiment. This price action expected to signify a reversal of the downtrend and the start of a new bullish trend.

Currently, the pullback towards the significant demand zone is done with a bounce. This area, which acted as strong support in the past, could provide a good opportunity for accumulation as buyers are likely to step in and defend this level.

Moreover, as ERNUSDT continues its upward trajectory, it may encounter resistance near the $3.2 level. This zone has previously acted as both support and resistance, making it a critical price point to watch. A successful break above this level with substantial volume could pave the way for further gains towards the next significant level to watch is the crucial supply zone.

2023年4月8日

交易结束：到达目标

Great setup already pulled out +140% profit from the given entry zone.

Always secure your profit.

If daily manage to close above the resistance zone, the coin will continue to rise.

2024年3月18日

注释

415% profit made on this setup already, price approaching final target area.